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Accelerate Property Fund, the JSE listed REIT with significant exposure in the dynamic Fourways node in Johannesburg, today announced solid Annual Results for the year ended 31 March 2017.
Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, today reported robust interim results notwithstanding a challenging macro-economic and political environment.
Exciting opportunities arise in uncertain and difficult times, says Norman Raad, CEO of Broll Auctions and Sales.
Accelerate Property Fund grows its portfolio 24% year on year to March to R8.4bn, owing to strong investment activity.
More investors are likely to place Accelerate Property Fund on their buying lists after the company finally acquired the rights to add another 90000m² to Fourways Mall.
Accelerate Property Fund releases maiden results for the year ending March ahead of its prelisting forecast.
Rand Merchant Bank, acting as lead bank arranger, and Nedbank Corporate Property Finance, have announced the joint funding of the R2.65 billion development of the Fourways Precinct node